Khalid Garousha, Hervé Ekué and Adam Hakki of A&O Shearman. Courtesy photo A&O Shearman Goes Live, With New Firm Naming Board and Practice Leaders
The combined firm said the broad strokes on leadership, practice structure and compensation have been ironed out.
May 01, 2024 at 12:00 AM
8 minute read
What You Need to Know
- The combination of Allen & Overy and Shearman & Sterling is now complete, creating one of the largest firms in the world by revenue.
- The new entity has a three-person leadership structure, while the board and executive committee are mostly composed of legacy A&O partners.
- A&O Shearman partners must now move in together in the same offices. They must also reconcile cultural differences, observers say.
Allen & Overy and Shearman & Sterling completed their merger, the combined firm said Wednesday, with firm leadership boasting of a union that creates a $3.5 billion-grossing international law firm with nearly 4,000 lawyers, including 800 partners.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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